11:40 AM EST - Tethys Petroleum Limited : announced the preliminary results of exploration/appraisal well AKD07 drilled in the Akkulka Block in Kazakhstan. The initial drilling and electric log results show potential hydrocarbons in the Jurassic limestone sequence and lower down in a thin Jurassic sandstone near the current total depth of the well. The current total depth is 2,585 metres in the Upper Jurassic sequence with a thin potentially oil bearing sand having been encountered just above total depth. The Upper Jurassic limestone interval (which tested at 1,373 bopd in well AKD01 and 1,568 bopd in well AKD05, where it is completed as a producer) some 1.75 km and 1.8 km away respectively has a gross thickness of some 22 metres. Tethys Petroleum Limited
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